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Canadian Financial Close: Loonie up on wholesale data

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By MarketsFarm WINNIPEG, June 25 (MarketsFarm) – The Canadian dollar was stronger at market close on Tuesday, as Statistics Canada reported a 1.7 per cent gain in the country’s wholesale trade from March to April. The dollar finished the day at US$0.7591 or US$1=C$1.3174, which compares with Monday’s close of US$0.7579 or C$1.3194. The TSX/S&P […] Read more
Futures

North American Grain/Oilseed Review: Canola drops sharply

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By Phil Franz-Warkentin, MarketsFarm Winnipeg, June 25 (MarketsFarm) – The ICE Futures canola market was down sharply on Tuesday, breaking below nearby chart support as speculators turned to the sell side. Recent rainfall across Western Canada accounted for some of the selling pressure, as dryness concerns have alleviated somewhat. Losses in Chicago Board of Trade […] Read more
Futures

Canola weakens, testing chart support

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By Phil Franz-Warkentin, MarketsFarm WINNIPEG, June 25 (MarketsFarm) – The ICE Futures canola market weaker at midday Tuesday, as losses in Chicago Board of Trade soyoil and a firmer tone in the Canadian dollar also weighed on prices. The most active November contract was testing chart support around the C$460 per tonne level. Recent rainfall […] Read more
Currency Markets

Canadian dollar and business outlook

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By MarketsFarm WINNIPEG, June 25 (MarketsFarm) – The Canadian dollar was firm Tuesday morning, as solid wholesale trade data provided some support for the currency. At 8:51 CDT Tuesday morning the Canadian dollar was at US$0.7595 or C$1.3167 which compares with Monday’s North American close of US$0.7579 or C$1.3194. Canadian wholesale sales were up by […] Read more
Futures

ICE canola futures: Weather forecast, loonie push down bids

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By Glen Hallick, MarketsFarm WINNIPEG, June 25 (MarketsFarm) – Intercontinental Exchange (ICE) futures canola contracts were mostly lower in early activity Tuesday morning. A weather forecast of rain this week for the Prairies, and a stronger Canadian dollar has weighed on values. This morning, the loonie was around 76.00 U.S. cents. Despite rain this past […] Read more
Futures

Canola weaker at midday Monday

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By Phil Franz-Warkentin, MarketsFarm WINNIPEG, June 24 (MarketsFarm) – The ICE Futures canola market was steady to lower at midday Monday, although activity was thin and choppy. Rains across the Prairies over the weekend had speculators taking some of the weather premium out of the market, while also encouraging some farmer selling, according to a […] Read more
Currency Markets

Canadian dollar and business outlook

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By MarketsFarm WINNIPEG, June 24 (MarketsFarm) The Canadian dollar was firm Monday morning, as recent strength in crude oil helped underpin the energy-linked currency. At 9:06 CDT Monday morning the Canadian dollar was at US$0.7572 or C$1.3207 which compares with Friday’s North American close of US$0.7569 or C$1.3212. Mounting tensions between the United States and […] Read more
Futures

ICE canola futures: Bids steady to lower to start week

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By Glen Hallick, MarketsFarm WINNIPEG, June 24 (MarketsFarm) – Intercontinental Exchange (ICE) futures canola contracts were steady to lower in early activity Monday morning. Despite rain over most of the Prairies on the weekend, there remains something of a weather premium on bids. However that premium could dissipate as the forecast has called for more […] Read more

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AGCanadaTV: In Case You Missed It – Your National Ag News Recap for the week ending June 21, 2019.

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